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In Pursuit of Happiness: A Meta-Analysis on the Experiential Advantage

Belinda Barton,T. Laer,Natalina Zlatevska

Published 2019 in Social Science Research Network

ABSTRACT

Experiences, and their ability to positively affect well-being, have fascinated humanists from the ancient Greek philosophers to contemporary consumer researchers. Despite the relevance of this experiential advantage for consumer well-being, extant contributions lack conceptual clarity and empirical systematization. Integrating prior literature derived from a wide variety of disciplines, this article offers a review of two decades’ worth of studies testing the theory that consuming experiences delivers greater happiness and satisfaction than consuming material goods. The authors conceive an experiential advantage model that includes not only the processes, outcomes, and moderators of the experiential advantage but also a balanced dialogue between the consumer and social psychological perspectives on the research field. The authors assess the model using a theory-driven meta-analysis of 412 effect sizes of the experiential advantage from 128 published and unpublished studies and set an agenda of directions for future research.

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